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Definition of Identity Theft A person commits the crime of identity theft if, without the authorization, consent, or permission of the victim, and with the intent to defraud for his or her own benefit or the benefit of a third person, he or she does any of the following: 1. Obtains, records, or accesses identifying information that would assist in accessing financial resources, obtaining identification documents, or obtaining benefits of the victim. 2. Obtains goods or services through the use of identifying information of the victim. 3. Obtains identification documents in the victim's name. US Legal Definitions

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Identity Theft and Assumption Deterrence Act 18 U.S.C § 1028 Makes it a federal crime to: “knowingly transfers or uses, without lawful authority, a means of identification of another person with the intent to commit, or to aid or abet, any unlawful activity that constitutes a violation of Federal law, or that constitutes a felony under any applicable State or local law”

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Problem with Identity Theft Investigation Lapse of time between crime and the time the crime is reported Monetary amount Jurisdiction Anonymity

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Identity Theft Investigation http://www.ftc.gov/bcp/edu/microsites/idthef t/law-enforcement/investigations.html Identity Theft Data Clearing House Identity Theft Transaction Records Subpoena or victim’s permission Request for documents Must be in writing Authorized by the victim Be sent address specified by the business Allow the business 30 days to respond

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Credit Card Fraud “Wide-ranging term for theft and fraud committed using a credit card or any similar payment mechanism as a fraudulent source of funds in a transaction.” Wikipedia

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“Carding” “The unauthorized use of credit and debit card account information to fraudulently purchase goods and services.” DATA BREACHES:WHAT THE UNDERGROUND WORLD OF “CARDING” REVEALS - US DOJ

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Carding Terminology Dumps - information electronically copied from the magnetic stripe on the back of credit and debit cards. Track 1 is alpha-numeric and contains the customer’s name and account number Track 2 is numeric and contains the account number, expiration date, the secure code (known as the CVV ),and discretionary institution data. PIN - Personal Information Number BIN - Bank Information Number

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Carding Terminology cont. Full Info” or “Fulls” - a package of data about a victim, including for example address, phone number, social security number, credit or debit account numbers and PINs, credit history report, mother’s maiden name, and other personal identifying information

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How Credit Card Information Obtained Online In bulk from hackers who have compromised large databases http://www.privacyrights.org/ar/ChronDataBreac hes.htm Phishing Malware

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Types of Carding cont. In-Store Carding Presenting a counterfeit credit card that had been encoded with stolen account information to a cashier at a physical retail store location More risky Higher level of sophistication

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Types of Carding cont. Cashing The act of obtaining money, rather than retail goods and services, with the unauthorized use of stolen financial information Pin Cashing - Using dump information to encode a strip on a card to use at ATMs

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Types of Carding cont. Gift Card Vending Purchasing gift cards from retail merchants at their physical stores using counterfeit credit cards and reselling such cards for a percentage of their actual value Sales maybe online or face-to-face

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Carding Forums Online Tutorials on different types of carding-related activities Private and public message posting enabling members to buy and sell blocks of stolen account information and other goods and services Hyperlinks for hacking tools and downloadable computer code to assist in network intrusions; Other exploits such as source code for phishing webpages Lists of proxies Areas designated for naming and banning individuals who steal from other members